The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dave & Buster’s Entertainment Inc shares valued at $502,162 were purchased by MORRIS CHRISTOPHER DANIEL on Oct 07 ’24. At $33.67 per share, MORRIS CHRISTOPHER DANIEL acquired 14,912 shares. The insider’s holdings grew to 83,847 shares worth approximately $3.09 million following the completion of this transaction.
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Also, Steve Klohn purchased 14,287 shares, netting a total of over 444,299 in proceeds.
Before that, Klohn Steve had sold 17,512 shares from its account. In a trade valued at $545,207, the SVP Chief Information Officer traded Dave & Buster’s Entertainment Inc shares for $31.13 each. Upon closing the transaction, the insider’s holdings decreased to 17,512 shares, worth approximately $0.54 million.
As published in their initiating research note from The Benchmark Company on October 07, 2024, Dave & Buster’s Entertainment Inc [PLAY] has been a Hold. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of March 25, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for PLAY. Earlier on September 07, 2023, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for PLAY stock which previously was a “a Strong buy”.
Analyzing PLAY Stock Performance
During the last five days, there has been a surge of approximately 15.18%. Over the course of the year, Dave & Buster’s Entertainment Inc shares have dropped approximately -31.66%. Shares of the company reached a 52-week high of $69.82 on 04/03/24 and a 52-week low of $29.31 on 09/11/24. A 50-day SMA is recorded $32.30, while a 200-day SMA reached $46.78. Nevertheless, trading volume fell to 1.18 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Dave & Buster’s Entertainment Inc (PLAY)
According to the 24-hour chart, there is a support level at 35.96, which, if violated, would cause prices to drop to 35.12. In the upper region, resistance lies at 37.27. The next price resistance is at 37.74. RSI (Relative Strength Index) is 64.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.67, which suggests the price will increase in the coming days. Percent R is at 1.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
